---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-046583"
form_type: "8-K"
ticker: "C"
cik: "0000831001"
company_name: "CITIGROUP INC"
filed_at: "2024-04-12T23:59:59+00:00"
generated_at: "2026-06-03T23:45:55.987557+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Citigroup Q1 net income $3.4B ($1.58 EPS); revenues ex-divestiture up 3% YoY

## Summary
- Q1 revenue $21.1B (-2% reported; +3% ex-divestiture gain on India consumer sale).
- Net income $3.4B vs $4.6B YoY; diluted EPS $1.58 vs $2.19.
- Operating expenses $14.2B (+7%) driven by $258M repositioning, $251M FDIC special assessment, $225M restructuring.
- Services revenue +8% to $4.8B; Banking revenue +49% to $1.5B; Wealth and Markets declined.
- CET1 ratio 13.5% (from 13.4% Q4); returned $1.5B via dividends and buybacks; TBVPS $86.67.

## SEC filing metadata
- accession: 0001104659-24-046583
- form_type: 8-K
- ticker: C
- cik: 0000831001
- company_name: CITIGROUP INC
- filed_at: 2024-04-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/831001/000110465924046583/0001104659-24-046583-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/831001/000110465924046583/c-20240112x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-046583
- JSON: https://secwatch.observer/filing/0001104659-24-046583.json
- Plain text: https://secwatch.observer/filing/0001104659-24-046583.txt

## Key facts
- Earnings Releases
  CITIGROUP INC reported the quarter ended March 31, 2024 results: revenue $21.1 billion, net income $3.4 billion, EPS $1.58 per diluted share.
  - Period: the quarter ended March 31, 2024
  - Revenue: $21.1 billion
  - Net income: $3.4 billion
  - EPS: $1.58 per diluted share
  - Result: reported results
  source text: Citigroup Inc. today reported net income for the first quarter 2024 of $3.4 billion, or $1.58 per diluted share, on revenues of $21.1 billion.
  evidence_url: https://www.sec.gov/Archives/edgar/data/831001/000110465924046583/0001104659-24-046583-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.